Top 10 chemical industry in India

India stands as a thriving business hub, hosting a diverse array of companies and industries. Among these, the chemical industry plays a pivotal role. The top 10 chemical companies in India contribute significantly to the nation’s economic growth. This symbiotic relationship between the corporate landscape and the real estate market is evident in the burgeoning industrial zones and commercial properties that support these enterprises. Exploring this synergy reveals how the presence of chemical industries shapes real estate dynamics, driving demand for industrial spaces, employee housing, and ancillary services, making it a fascinating nexus of economic progress and urban development.

See also: Top B2B companies in India

 

Business Landscape in India

India’s chemical industry is a vast sector with a diverse portfolio. It produces basic chemicals, specialty chemicals, agrochemicals, petrochemicals and pharmaceuticals while contributing 3-4% to the GDP. It is also a significant employment generator. The sector is marked by fast growth which is driven by both domestic consumption and global exports. 

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Top Chemical Industries in India

 

Aarti Industries 

Industry: Basic Chemicals, Agrochemicals, Specialty Chemicals, Pharmaceutical Chemicals

Location: Mumbai, Maharashtra

Founding Date: 1975

Subsidiaries: Aarti Healthcare Ltd, Aarti Corporate Services Ltd, Alchemie Europe Ltd

 

It is a public sector company located in Gujarat and was founded in 1975. It is a leading specialty chemicals manufacturer producing a wide range of products including benzene-based intermediates, specialty chemicals and pharmaceuticals. They have undertaken various expansion projects to meet growing demand.

 

Atul 

Industry: Chemicals

Location: Gujarat

Founding Date: September 1947

Segments: Life Science Chemicals, Performance and Other Chemicals

 

It is located in Gujarat and is a public industry. It was founded in 1947. The company is famous for producing chemicals, pigments as well as dyes. It is known for innovation and sustainability along with the maintenance of high-quality products.

 

BASF India 

Industry: Chemicals

Location: Maharashtra

Founding date: 1865

Product Range: Plastic, Catalysts, Crude Oil, Crop Technology, Natural Gas, Chemicals, Performance Chemicals, etc.

 

It is a Public sector company located in Maharashtra founded in 1865. It is a subsidiary of the global chemical giant BASF and operates in multiple sectors including chemicals, agricultural solutions, and performance products, providing innovative solutions for various industries.

 

GHCL 

Industry: Chemicals (Soda Ash, Sodium Bicarbonate)

Location: Gujarat

Founding Date: October 14, 1983

Diversified Group: Chemicals, Textiles, Consumer Products

 

It is a public sector company located in Public sector company located in Gujarat founded in 1983.GHCL is involved in chemical manufacturing, textiles, and consumer products. They are known for producing soda ash and specialty chemicals.

 

RelWood

Industry: polymer composite

Location: Reliance Corporate Park, Thane-Belapur Road, Ghansoli, Navi Mumbai 400701

Founding Date: 1995

Manufacturing Facilities: Gujarat (Refrigerant and PTFE)

 

RelWood, founded in 1995 and headquartered in Mumbai, Maharashtra, is a leading player in India’s chemical industry. It is renowned for its innovative solutions in the field of chemicals, specializing in products like plastics, paints, and polymers. Its expertise lies in creating a diverse range of chemical compounds, making them a reliable choice for various industries. One of its notable contributions is in the production of natural fiber polymer composite materials, which are eco-friendly and widely used in many applications like cupboards etc. RelWood’s commitment to quality and innovation cements its position as a prominent name in India’s chemical landscape.

 

Gujarat Alkalies & Chemicals 

Industry: Chemicals (Caustic Soda, Chlorine, Hydrogen Gas, and more)

Location: Gujarat

Founding Date: March 29, 1973

Integrated Manufacturing Facilities

 

It is a public sector company located in Public sector company located in Gujarat founded in 1973. Gujarat Alkalies & Chemicals is a major producer of caustic soda, chlorine, and other chemicals. They play a crucial role in the Indian chemical sector.

 

India Glycols 

Industry: Bulk, Specialty, and Performance Chemicals, Natural Gums, Spirits, Industrial Gases, Sugar, Nutraceuticals

Location: Uttarakhand

Founding Date: 1983

Green Technology-Based

 

It is a public sector company located in Public sector company located in Uttarakhand founded in 1983. India Glycols specialises in green technology-based chemicals including glycols, ethoxylates and performance chemicals catering to industries like pharmaceuticals and cosmetics.

 

Pidilite Industries 

Industry: Adhesives, Construction, Chemicals

Location: Andheri, Mumbai

Founding Date: 1959

Manufacturing Facilities: Vapi (Gujarat), Kala amb (Himachal Pradesh), Mahad ( Maharashtra)

 

It is a public sector company located in Public sector company located in Maharashtra founded in 1959. Pidilite is known for its adhesive and construction chemical products including the famous Fevicol brand. They are a market leader in their segment.

 

Tata Chemicals

Industry: Nitrogenous Chemicals, Fertilizers, Industrial Finishing Products, etc.

Location: Mumbai, Maharashtra

Founding Date: 1939

Sodium Bicarbonate Production

 

It is a public sector company located in Public sector company located in Gujarat founded in 1939. Tata Chemicals is a diversified chemical company producing soda ash, salt and specialty chemicals. They have a strong focus on sustainability and innovation.

 

UPL 

Industry: Agrochemicals, Industrial Chemicals, Chemical Intermediates, Specialty Chemicals

Location: Mumbai, Maharashtra

Founding Date: 1969

Multinational Company with Products Sold in Approx 120 Countries

 

It is a public sector company located in Public sector company located in Mumbai founded in 1969.UPL formerly known as United Phosphorus Limited is a global leader in agrochemicals providing innovative solutions for sustainable agriculture worldwide.

 

Commercial Real Estate Demand in India

Office Space: The burgeoning chemical industry in India spurs a significant demand for office spaces near industrial clusters. This leads to the development of modern business parks and office complexes, creating opportunities for commercial real estate developers while supporting the industry’s administrative needs.

 

Rental Property: The influx of skilled professionals into chemical manufacturing hubs fuels demand for rental properties. This boosts the residential real estate market, encouraging developers to construct apartments and housing complexes, addressing the housing requirements of the workforce and contributing to the local economy.

 

Impact: The increased demand for office spaces and rental properties drives real estate development, generating employment and economic growth in the construction sector. Growing industrial hubs create a ripple effect, boosting local economies, infrastructure, and services. However, rapid urbanisation and infrastructure expansion may also pose challenges such as traffic congestion and environmental concerns, necessitating sustainable development practices.

 

Impact of chemical industries on India

The chemical industries in India have an important and significant role which contributes significantly to economic growth and technological advancement. It plays an important role in agriculture, pharmaceuticals and manufacturing sectors making India an independent nation which does not rely on others. Environmental issues and sustainability are challenges that require working on to make sure that it is feasible in a longer run.

 

FAQs

How vast is India's chemical industry?

India's chemical industry is worth around $180 billion.

Which sub sectors are prominent in the Indian chemical industry?

Key sub sectors include specialty chemicals, agrochemicals, petrochemicals, and pharmaceuticals.

Where does India rank in the chemical production index globally?

India ranks 6th as the largest chemical producer in the world.

How is the pharmaceutical chemical industry in India important?

India has a vast pharmaceutical production and is known as the Pharmacy of the World.

How is the industry harming the environment?

Pollution, waste disposal, and chemical safety are prominent concerns.

What are the major export destinations for Indian chemical products?

The USA, EU, and Southeast Asia are significant export markets.

How is the Indian government regulating the industry?

The industry is regulated by various ministries. This includes the Ministry of Chemicals and Fertilisers.

Are there initiatives for sustainable chemical production in India?

Yes, there are initiatives promoting green chemistry and sustainable practices.

What role does innovation play in the Indian chemical sector?

Innovation is critical for competitiveness and meeting global standards.

How has the COVID-19 pandemic impacted the chemical industry in India?

It led to disruptions in supply chains and highlighted the need for resilience and digital transformation.

Got any questions or point of view on our article? We would love to hear from you. Write to our Editor-in-Chief Jhumur Ghosh at [email protected]